It was a barbing saloon, which my brother and I contributed about $100 each to start up with. We already had a space, so it helped in reducing the cost. We only needed to set up the shop and employ two other people to join us. Generally, the type of business you want to venture in will determine the likely starting capital.
The first business I started was in the line of food and I spent a little amount of N5,000 just for start up because it's not advisable to out much of all what one has in a business he's doing for the first time. But after that, the other new business I did, I spent more than that for a start and I didn't regret it afterwards. I think I make sense lol
Okay, maybe you were selling mini food restaurant without a shop. Cos the capital you mentioned here is too small to even rent a Batcher talk of a shop. At least you were able to start it and its still running up to date.
Supermarket type of business demands kinda high amount of money to establish it. You need huge amount of capital to start it up. Even when you are not starting it up in the best possible way, it will still cost you money.
Our business Is a start-up one. Ink Desk NG Is a budding enterprise that is set to become full-blown soon. We write CVs, Cover letters and do interview preps for jobseekers. It costs us the initial capital of getting equipment like laptops and all.
It depend on the type of business there are several small scale business which you can start from your home and they need only $200 for example clothing business and if you want large scale business for example cattle farming you need almost $2000
It depends on the business categories,like microbusinesses cost around $3,000 to start,Whill most home-based franchises cost$2,000 to $5,000.Whill every type of business has its own financing needs, experts have some tips to help you figure out how much cash you'll require.
